The Liquid Desiccant Market is projected to reach a valuation of US$ 57 million by 2029, witnessing a steady compound annual growth rate (CAGR) of 5.5% during the forecast period 2023-2029. The market growth is driven by the increasing demand for moisture control solutions in various industries.
Liquid desiccants are highly effective in removing moisture from the air and maintaining optimal humidity levels in various applications. They find extensive usage in industries such as HVAC (Heating, Ventilation, and Air Conditioning), food processing, pharmaceuticals, and electronics manufacturing, among others. The ability of liquid desiccants to efficiently absorb and control moisture content contributes to improved product quality, energy efficiency, and environmental sustainability.
The demand for liquid desiccants is propelled by factors such as growing awareness about the importance of moisture control, stringent regulations regarding product quality and safety, and the need to prevent moisture-related issues such as corrosion, mold growth, and degradation. Additionally, the rising adoption of liquid desiccants in green buildings and energy-efficient systems further drives market growth.
Key players in the liquid desiccant market are investing in research and development activities to enhance the performance and cost-effectiveness of their products. They are focused on developing innovative solutions that cater to the specific requirements of different industries. Collaborations, partnerships, and mergers and acquisitions are witnessed in the market as companies aim to expand their market presence and strengthen their product portfolios.
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The key manufacturers of Liquid Desiccant include OxyChem, Tetra Technologies, Solvay, Zirax, etc. The top four players account for about 70% of the global market, with Oxychem being the world’s largest player with about 28%.
At present, North America, Europe and the Asia-Pacific region are the major markets in the world, of which North America and Europe account for about 20% respectively, and the Asia-Pacific region accounts for about 15%.
In terms of product types, calcium chloride, lithium chloride and lithium bromide are the three main subdivisions. Calcium chloride and lithium chloride accounted for about 47% respectively.
The products are mainly used in food and beverage and pharmaceutical, accounting for 46% and 36% respectively.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Liquid Desiccant market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
Segment by Type
- Calcium Chloride
- Lithium Chloride
- Lithium Bromide
Segment by Application
- Food and Beverage
- Pharmaceutical
- Others
By Company
- OxyChem
- Tetra Technologies
- Solvay
- Zirax
- SQM
- Albemarle Corporation
- Livent Corporation
- Ganfeng Lithium
- Tianqi Lithium
- Leverton Clarke
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The Liquid Desiccant report covers below items:
Chapter 1: Product Basic Information (Definition, type and application)
Chapter 2: Manufacturers’ Competition Patterns
Chapter 3: Production Region Distribution and Analysis
Chapter 4: Country Level Sales Analysis
Chapter 5: Product Type Analysis
Chapter 6: Product Application Analysis
Chapter 7: Manufacturers’ Outline
Chapter 8: Industry Chain, Market Channel and Customer Analysis
Chapter 9: Market Opportunities and Challenges
Chapter 10: Market Conclusions
Chapter 11: Research Methodology and Data Source
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